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Indian Politics:
Interesting but Irrelevant

By

Gaurav Dalmia

Updated Aug. 1, 1996 12:01 a.m. ET

Once again, India is at a crossroads. The fragile coalition in power, the second new government this summer, can either follow the path of economic reforms put in place five years ago, or it can take a turn to the left and even undo many of those free-market advances. The government could also remain paralyzed, not taking one road or the other. What will it do?

Businessmen trying to plan for the future can take comfort that it won't make much of a difference. Indian politics matters considerably less to the business world than...